"The current level of interest rates is abnormally low and there's only one direction in which they can go, and when they start they will be rather rapid," Greenspan said on "Squawk Box."
I don't understand this. Aren't interest rate hikes controlled by the FED and Central Banks? Is he implying 'they' will run up interest rates rapidly on purpose?
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Posted by: poptopwater@yahoo.com
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